Rekindled inflation concerns and President Donald Trump threatening reciprocal tariffs Friday slammed the door on the possibility of a winning week on Wall Street. For the week: the Dow and the Nasdaq each lost just over 0.5%, and the S & P 500 fell almost 0.25%. All three stock benchmarks were higher on the week…
My top 10 things to watch Friday, Feb. 7 1. Wall Street was heading for a muted open after Friday’s jobs report showed lackluster nonfarm payrolls growth but a lower unemployment rate. The S & P 500 closed higher Thursday, extending its winning streak to three straight sessions. 2. The U.S. economy added just 143,000…
CEO of Meta and Facebook Mark Zuckerberg, Lauren Sanchez, Amazon founder Jeff Bezos, Google CEO Sundar Pichai and Tesla and SpaceX CEO Elon Musk attend the inauguration ceremony before Donald Trump is sworn in as the 47th US President in the US Capitol Rotunda in Washington, DC, on Jan. 20, 2025. Saul Loeb | Via…
Amazon reported better-than-expected earnings and revenue for the fourth quarter, but it gave disappointing guidance for the current period. The stock slipped more than 5% in extended trading. Here’s what the company reported compared with what Wall Street was expecting: Earnings per share: $1.86 vs. $1.49 expected, according to LSEG Revenue: $187.79 billion vs. $187.30…
Chicago, IL – February 6, 2025 – Today, Zacks Investment Ideas feature highlights Palantir PLTR, Meta Platforms Inc. META, Microsoft Corp. MSFT and Alphabet Inc. GOOGL. Palantir, the artificial intelligence (AI)-powered software platform and data analytics firm, reported robust earnings results for fourth-quarter 2024. The company’s earnings results can be divided into three parts: strong…
The Marriner S. Eccles Federal Reserve building in Washington, DC, U.S., on Sunday, Jan. 12, 2025. Samuel Corum | Bloomberg | Getty Images If investors were to judge the stability of the economy by looking at the stock market, its two-day winning streak might lead investors to think that it’s business as usual. The market’s…
Omer Taha Cetin | Anadolu | Getty Images DeepSeek’s powerful new artificial intelligence model isn’t just a win for China — it’s a victory for open-source versions of the tech from the likes of Meta, Databricks, Mistral and Hugging Face, according to industry experts who spoke with CNBC. Last month, DeepSeek released R1, an open-source reasoning…
Jakub Porzycki | Nurphoto | Getty Images Shares of Temu parent PDD Holdings slid more than 5% on Monday, after President Donald Trump’s tariffs announcement signaled the end of a trade loophole used by the Chinese e-commerce giant and other online retailers. Trump on Saturday signed executive orders imposing 25% tariffs on imports from Canada…
We say hello to February. In Friday’s session, the stocks turned over after President Donald Trump said tariffs on imports from China, Mexico, and Canada would begin Saturday. And, come Saturday, they went into effect, adding another thing for Wall Street to worry about after the final week of January was so jampacked with news…
Earnings season ramps up another notch next week to start February, forcing investors to wade through a barrage of quarterly results amid ongoing policy uncertainty that promises upheaval for an already choppy stock market. The January jobs report is also due out Friday. Next week will be the busiest stretch for fourth-quarter earnings. More than…